New York archdiocese seeks $300m to settle claims by clergy abuse survivors

Largest US Catholic archdiocese is raising funds, selling assets and cutting costs to compensate about 1,300 victims

The Roman Catholic archdiocese of New York - the largest organization of its kind in the US - is raising a $300m fund as it seeks to settle with about 1,300 survivors of clergy sexual abuse who have sued the church.

Some of the money involved comes from the New York archdiocese's cutting costs and selling off assets after Catholic priests, deacons and lay workers worldwide sexually preyed on children for decades - with the abusers being protected by their superiors.